Markets - FXMM

LONDON: The euro hovered near a two-week low against the dollar on Tuesday and fell against the yen, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency.European Central Bank President Mario Draghi is scheduled to give a keynote speech in Amsterdam on Thursday. He recently made clear the euro's strength is a possible trigger for the central bank to ease monetary policy. The euro was flat at $1.3795 after having slipped to a two-week low of $1.3785, in low volumes as traders return from the long Easter weekend.It was down 0.1 percent at 141.40 yen and slipped against the pound to 82.10 pence. Investors are also awaiting euro zone 'flash' PMI surveys on Wednesday while the German IFO institute's monthly reading of business sentiment in Europe's largest economy is due a day later. Last week, the monthly German ZEW poll showed ...

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday due to demand from manufacturers, and traders expect it to ease further in the days ahead.At 0730 GMT commercial banks quoted the shilling at 87.00/87.10 to the dollar, from Thursday's close of 86.85/95.The shilling was weakening, with importers in manufacturing and energy buying dollars towards the end of the month."The shilling is on a weaker note. We are seeing some pressure build up. We are ...

SINGAPORE: Most emerging Asian currencies eased on Tuesday as China's yuan fell to its weakest in 14 months, with the Indonesian rupiah at a near seven-week low.Regional currencies briefly pared some of losses after China's central bank said it will cut the reserve requirement ratio for rural banks at the country level by between 0.5 and 2 percentage points, as Beijing looks to shore up flagging economic growth.The cut had been announced last week but ...

TOKYO: The dollar held steady in Asia Tuesday ahead of US housing data, while the yen was under pressure after a record Japanese trade deficit boosted speculation of more central bank monetary easing.In Tokyo afternoon trade, the greenback fetched 102.64 yen, slightly up from 102.62 yen in New York on Monday.The euro bought 141.59 yen against 141.58 yen while it was also nearly unchanged at $1.3795 from $1.3794 in US trading."The dollar remains firm, especially ...

JOHANNESBURG: South Africa's rand was largely flat against the dollar on Tuesday as trading resumed after the Easter holiday, with a local mine strike that has dragged on for months as well as political turmoil in Ukraine posing downward risks for the currency. By 0650 GMT the rand was quoted at 10.5125 per dollar, slightly down from its previous close at 10.5090. "The rand is still exhibiting a weaker bias, due to the uncertainty surrounding ...

COLOMBO: The Sri Lankan rupee was steady in dull trade on Tuesday after the central bank kept its key policy rate unchanged as expected. Dealers said they expected the currency to remain steady in the near future due to sluggish credit demand. The spot rupee was traded at 130.60/63 per dollar at 0555 GMT, little changed from Monday's close of 130.60/62. Before market open on Tuesday, the central bank kept policy rates steady at multi-year ...

SHANGHAI: China's yuan traded at its weakest against the dollar in 14 months on Tuesday, after the central bank set a weaker official midpoint and traders say demand for dollars is on the rise.Spot yuan traded at 6.2383 per dollar in the afternoon, its lowest level since February 2013. The yuan has depreciated more than 3 percent versus the dollar so far this year after the People's Bank of China guided the yuan weaker to ...